Rangers Borrowed Millions From MLB

4:54pm: Yahoo's Gordon Edes reports that the Rangers borrowed millions from MLB and will continue to receive financial assistance from the league until owner Tom Hicks finalizes the club's sale. Edes' source says the Rangers borrowed less than $15MM.

Hicks isn't expected to sell the club before the end of the season, so the Rangers will have trouble adding salary at the deadline and could struggle to sign their top draft picks.

3:06pm: Rangers owner Tom Hicks and president Nolan Ryan were among those who dodged questions about the possibility that the Rangers had to borrow $15MM from MLB, according to Evan Grant of D Magazine. One of Grant's sources said the Rangers have had no trouble paying employees and should be able to sign draft picks and international free agents, as expected.

However, another source said the Rangers had a system in place that would allow them to borrow from MLB. If the Rangers have to borrow from the league, it would be harder for them to sign picks Tanner Scheppers and Matt Purke to the over-slot deals they're likely to demand, as the commissioner doesn't want inflated bonuses.

It's unclear whether the Rangers can add payroll at the deadline, but GM Jon Daniels has been proceeding as if it's not an option.


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